Oanda review by ForexSQ forex experts, all you need to know about Oanda broker like how to do Oanda login or how to open Oanda demo account, Finding out what is Oanda currency converter or how to download Oanda trading platform, You will also know about what is Oanda minimum deposit and is Oanda app for Android and iPhone available or no.
OANDA Corporation was co-founded in New York in 1996 by Dr. Michael Stumm and Dr. Richard Olsen, a computer scientist and economist, respectively. These gentlemen had the foresight to realize the Internet and its worldwide web combined with ongoing computer technology would eventually provide access to a plethora of data and financial trading markets to everyone around the world. Following their beliefs, they formed a team of qualified individuals that built the brokerage into a leading international financial corporation that serves clients in over 190 countries, with satellite offices located in cities considered major financial centers around the world.
This pioneering firm was the first to offer foreign currency exchange data over the Internet in 1996, which led to the development of the first online Internet currency trading platform in 2001. The helpful OANDA Currency Con
The OANDA forex broker serves clients in United States, Canada, Europe, Germany, UK, Singapore, Japan, Australia and Asia. In addition to over 60 major, minor and exotic currency pairs offered by the OANDA fxTrade platform, the firm also offers 30 Contracts For Difference (CFDs) in stock indices, bonds, commodities, metals and gold.
Leveraged trading of forex assets and CFDs carries a high level of risk and financial spread betting is only available to OANDA Europe Ltd clients based in the UK. Trading of CFDs and trades conducted using hedging features on the MT4 trading platform with leverage ratios that exceed 50:1 are not available for traders based in the United States.
CFDs are considered derivative products because the underlying financial asset being traded is never actually owned by the investor and CFDs are not considered “tradeable” financial assets in some countries. Traders based in those countries may not even be able to access those types of assets on the OANDA fxTrade platform, but will still have access to the full range of other tools and features offered by the OANDA broker.
The brokermaintains satellite offices in Chicago USA, Toronto Canada, Tokyo Japan, Bayfront Singapore and London England in the UK.
As a global financial services provider, trades conducted using the OANDA.com broker are strictly overseen and highly regulated by a variety of governmental regulatory agencies around the world, including the National Futures Association (NFA), Dubai Financial Services Authority (DFSA), Monetary Authority of Singapore (MAS), Investment Industry Regulatory Organization of Canada (IIROC), Commodity Futures Trading Commission (CFTC) and the Financial Services Authority (FSA) regulates financial activities conducted by the OANDA UK broker.
OANDA Currency Converter
[bonustable version=’3′ ]
For over a decade OANDA’s Currency Converter has been used by people all over the world to determine exchange rates between foreign currencies. For the convenience of busy international travelers, the “Cheat Sheet” option features a printable table that includes live and historical rates. This handy tool has contributed to the overall global success of the brokerage and is also accessible using handheld mobile electronic devices, The Oanda Currency Converter is one of the best online currency converters in Fx market.
OANDA Trading Platforms
The OANDA forex broker offers traders only two options for trading platforms, which are its own proprietary OANDA fxTrade and the MetaTrader 4 (MT4) platforms, both of which include mobile applications.
OANDA FxTrade Platform
The OANDA fxTrade web based platform runs using java and was the first to offer online retail forex trading to investors who can use its automated market making brokerage for transacting forex trades quickly and efficiently with 98% of trading transactions concluded in less than 0.057 seconds. Forex industry sources estimate that over a million trading transactions are conducted daily on the OANDA fxTrade platform. The firm’s success has enabled it to engage in acquisitions of other trading firms, which allowed the OANDA fxTrade
OANDA MT4 Platform
In addition to its own highly regarded proprietary platform, traders using the OANDA forex broker can also use the MT4 trading platform, which is the most widely used in the world and offers traders a variety of valuable tools and features to facilitate researching, formulating, placing and tracking trades in a variety of international financial marketplaces. The MT4 platform is included by most brokers in addition to their own proprietary platforms (and others) for the convenience of clients who want to use different platforms separately or in conjunction with one another.
OANDA Mobile Applications
The OANDA Apps and trading markets are accessible using a variety of the most popularly used electronic handheld devices that include iPhones, Blackberry and Androids. The OANDA Apps is free for both Android and IOS, You can download the OANDA App for Android from Google Play and download OANDA App for iPhone from Apple app store.
OANDA Account Types
The OANDA broker offers two types of accounts for its clients which are a Standard active trading account or a Managed trading account.
Traders who open Standard trading accounts will have access to all the valuable tools and features for trading the full range of assets offered by OANDA and requires a minimum deposit of $1 and there are no minimum trade requirements. Both notice and experienced traders will benefit from the free Demo Account included within the Standard Account that allows traders to practice researching, formulating, placing and tracking trades in a virtual world before risking real money to trade in active financial markets.
Oanda Demo Account
When clients open an online trading account, they are able to use an unlimited free Oanda Forex demo account that comes loaded with $100,000 of virtual money for traders to use for practicing currency trading before actually risking real money in a real world trading market.
To open a demo trading account with Oanda you just need to visit the broker’s website and sign up free then you will receive free instructions by email.
Oanda Managed Account
[bonustable version=’3′ ]
Traders who are unfamiliar with markets or assets traded may want to open a Managed trading account that takes the pressure off investors for day to day account and trading activity maintenance and places it on experienced account managers who trade a variety of financial assets daily on behalf of clients of the broker. These professionals usually have college degrees in finance, marketing or other related disciplines and offer a wealth of experience and knowledge of assets and the global markets in which they are traded.
OANDA PAMM Account
In 2007 OANDA Corporation intr
OANDA PAMM Accounts involve trades placed by Account Managers across all the accounts managed and fees are automatically applied according to fee schedules that are predetermined by the PAMM Account Manager.
Clients who open OANDA PAMM Accounts can login to trading accounts and access the latest information at any time and these automated PAMM accounts are so efficient that minimal involvement is required of the Account Manager.
OANDA Spreads and Commissions
Like most online brokers, the OANDA broker does not charge commissions for trades, hidden fees or other charges. The broker makes money by charging traders a slight spread that is included on all trading activities based on real time market values transacted by the client through the broker. Spreads start as low as 1.1 pips (points in percentage) for forex trades (depending on currency traded) and as low as 0.5 pips for stock indices; maximum leverage offered is 1:48.
Traders should be aware that trading during volatile times created by adverse global events or financial news is much more risky and broker spreads tend to be wider.
The Oanda broker does not offer incentives to traders in the form of promotional opportunities, unlike many of its competitors.
OANDA Deposits and Withdrawals
Clients using OANDA trading accounts can deposit funds using a variety of methods that include credit cards, checks, bank wire transfers and PayPal. Trading account withdrawals can be conducted using the same methods and require proper identification of account holders in accordance with strict international financial guidelines designed to prevent financial crimes like identity theft and money laundering, The ForexSQ group conducted compelete Oanda Fees below:
Oanda Deposit Fees
The Oanda Deposit fees is Zero, It means you will not pay any money as Oanda deposit fess.
Oanda Deposit Time
The Oanda Deposit time is between 1 through 3 business day and it depends to the methods you deposit your Oanda account.
Oanda Deposit Limit
Oanda Deposit limit with Debit cards and ACH is $10.000 per a calendar month, but there is no deposit limits with other types of deposit methods.
Oanda Withdrawal Methods
OANDA withdrawal methods is various, Clients can using a variety of methods that include credit cards, checks, bank wire transfers and PayPal. Trading account withdrawals require proper identification of account holders in accordance with strict international financial guidelines designed to prevent financial crimes like identity theft and money laundering.
Oanda Withdrawal Fees
The Oanda Withdrawal fees starts from Zero up to $20, The Oanda withdrawal fees depends to which country and methods you want to receive funds.
Oanda Withdrawal Time
The Oanda Withdrawal time is between 3 through 5 business day and it depends to the methods you Withdrawal from your Oanda account.
Oanda Withdrawal Problem
If you have any Oanda Withdrawal Problem then you can contact the broker directly and if it dose not solve the problem then you can contact the regulators to solve your Oanda Withdrawal Problems, You can also submit your Oanda withdraw problems in the comment form below of the Oanda reviews by ForexSQ.com forex trading website.
[bonustable version=’3′ ]
Oanda is regulated and licensed broker with many regulators in different countries:
OANDA USA Corporation is a registered retail Foreign Exchange Dealer and member of the NFA No: 0325821.
OANDA Canada Corporation ULC is regulated by the Investment Industry Regulatory Organization of Canada (IIROC).
OANDA Europe Limited is a company registered in England number 7110087, It is authorised and regulated by the FFCA No: 542574.
OANDA Asia Pacific Pte Ltd (Co. Reg. No 200704926K) holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore and is also licensed by the International Enterprise Singapore.
OANDA Australia Pty Ltd is regulated by the Australian Securities and Investments Commission ASIC (ABN 26 152 088 349, AFSL No. 412981)
OANDA Japan Ltd First Type I Financial Instruments Business Director of the Kanto Local Financial Bureau (Kin-sho) No. 2137 Institute Financial Futures Association subscriber number 1571.
Investors who trade using the OANDA forex broker will have access to a valuable library of educational materials that includes trading tools and support materials for all levels of traders, as well as professional analyses, expert commentary and training videos on a variety of topics. Streaming webinars are offered regularly and real time news reports are provided by the Dow Jones FX, 4Cast and MarketPulse.
The broker’s Academy also includes interviews with top traders in various markets whose invaluable expertise, wisdom, trading methods and strategies are shared with the company clients.
Safety and Reliability
The OANDA forex broker has earned the respect of traders all over the world who use the broker to manage their financial trading portfolios. The brokerage has earned industry awards that include “Best Customer Service” and “Best Mobile Platform” and is carefully overseen and regulated by a variety of strict global financial regulatory agencies in different countries in which the broker conducts financial activities.
In addition, client funds are held in accounts segregated from the company‘s capital funds in tier one international financial institutions that include the J.P. Morgan Chase, Deutsche Bank, Royal Bank of Canada and more.
OANDA Customer Support Services
The OANDA customer support services are provided by its helpful staff of multilingual professionals who are available via online chat, email, fax or telephone during market hours 24/5 and provide support services in a variety of languages including English, Spanish, French, German, Russian, Japanese, Korean and Chinese.
For login to Oanda broker you can visit the broker website, After sign up you can check your email and do Oanda login.
[bonustable version=’3′ ]
The OANDA fxTrade platform is compatible with personal computers running Windows Operating Systems, as well as Macs, Linux systems and mobile applications for a variety of handheld electronic devices.
With Oanda API Partner you will acess real-time trading capabilities and automate your forex trading and CFD trading, You can also build custom applications for mobile trading.
The OANDA’s API Partner program is designed for forex traders who wish to use Oanda APIs for purposes other than for personal online trading.
Oanda Minimum Deposit
The Oanda Minimum Deposit is $1 so the broker is a no Minimum Deposit forex broker. You can start forex trading with $1 on fxtrade or MT4 platform.
Oanda Trading Hours
OANDA Trading hours of operation coincide with the global financial markets. Online CFDs and Forex trading is available from Sunday 5 p.m. to Friday 5 p.m., New York time.
This OANDA fxTrade review found a variety of valuable tools and features offered by the OANDA forex trading platform that include the following:
- Market Maker Broker
- No Dealing Desk
- Web based platform
- Currency Converter
- Economic calendar
- Automated trading
- Trading from charts
- One click execution
- Market commentary and analysis
- Hedging and scalping permitted
- Trailing stops
- Stop loss, take profit or entry orders
- Access to current and historical trading and market data
- Mobile alerts
- Streaming news feed
- Interest on margin
- Educational center
- Multilingual 24/5 customer support
Oanda Live Chat
[bonustable version=’3′ ]
To get a fast support you can use Oanda Live chat, The Oanda Live Support is also available to support clients, To use Oanda customer support just visit the broker’s website.
Below is complete list of Oanda Office address in different countries:
Oanda USA Address
OANDA Corporation,185 Berry Street, Suite 4700,San Francisco, CA,94107,USA
Oanda New York Address
North American Sales, 315 West 36th Street, 9th Floor,New York NY 10018,USA
Oanda Canada Address
OANDA Canada Corporation ULC, 370 King Street West, 2nd Floor, Box 60, Toronto, ON M5V 1J9, Canada
Oanda Europe Address
OANDA Europe Limited, Tower 42, Floor 9a, 25 Old Broad St, London EC2N 1HQ,United Kingdom
Oanda Japan Address
OANDA Japan Inc.,3-6 4F, Kojimachi,Chiyoda-ku, Tokyo, 102-0083,Japan
Oanda Singapore Address
OANDA Asia Pacific Pte Ltd, 50 Collyer Quay,#04-03 OUE Bayfront,Singapore 049321
Oanda Australia Address
OANDA Australia Pty Ltd,225 George Street,Level 43,Suite 4303,Sydney NSW 2000,Australia
Oanda Phone Number
Below is complete list of Oanda Phone Numbers in different countries:
Oanda US Phone Number
+1 212 858 7690
1 877 OANDA FX
(1 877 626 3239)
Oanda Canada Phone Number
+1 416 593 9436
1 877 OANDA FX
(1 877 626 3239)
Oanda UK Phone Number
+44 20 3151 2050
+ 44 20 7101 1600
Oanda Japan Phone Number
Oanda Singapore Phone Number
+65 6579 8289
Oanda Australia Phone Number
+61 2 8046 6258
Oanda Review Conclusion
However the Oanda Forex broker is regulated but invest the amount you can afford to lose it as online trading contains risk of losing your money.
By this Oanda Review now you know all about Oanda Trading platform, So share this Oanda review please.
[bonustable version=’3′ ]